Angler Gaming (XSAT:ANGL) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSAT:ANGL Angler Gaming PLC XSAT:ANGL
54 GF Score
Price kr5.56
GF Value kr3.32
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Angler Gaming Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Angler Gaming  (XSAT:ANGL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Angler Gaming Cyclically Adjusted PB Ratio Related Terms


Angler Gaming Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Angler Gaming's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Angler Gaming Cyclically Adjusted PB Ratio Chart

Angler Gaming Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.12 4.35 3.56 3.53 1.99

Angler Gaming Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.77 2.19 2.10 2.26 2.65

XSAT:ANGL vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Angler Gaming's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Angler Gaming Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Angler Gaming's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Angler Gaming's Cyclically Adjusted PB Ratio falls into.


XSAT:ANGL
54GF Score
Angler Gaming PLC XSAT:ANGL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Angler Gaming Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Angler Gaming's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Angler Gaming's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.609/333.9520*333.9520
=2.609

Current CPI (Jun. 2026) = 333.9520.

Angler Gaming Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.268 241.428 0.371
201612 0.312 241.432 0.432
201703 0.420 243.801 0.575
201706 0.527 244.955 0.718
201709 0.691 246.819 0.935
201712 0.833 246.524 1.128
201803 1.056 249.554 1.413
201806 0.801 251.989 1.062
201809 0.930 252.439 1.230
201812 1.006 251.233 1.337
201903 1.190 254.202 1.563
201906 0.894 256.143 1.166
201909 1.227 256.759 1.596
201912 1.425 256.974 1.852
202003 1.828 258.115 2.365
202006 1.497 257.797 1.939
202009 1.813 260.280 2.326
202012 2.209 260.474 2.832
202103 2.709 264.877 3.415
202106 1.718 271.696 2.112
202109 1.989 274.310 2.421
202112 2.015 278.802 2.414
202203 2.028 287.504 2.356
202206 1.015 296.311 1.144
202209 1.071 296.808 1.205
202212 0.741 296.797 0.834
202303 0.922 301.836 1.020
202306 1.000 305.109 1.095
202309 1.056 307.789 1.146
202312 1.059 306.746 1.153
202403 1.226 312.332 1.311
202406 1.269 314.175 1.349
202409 1.415 315.301 1.499
202412 1.367 315.605 1.446
202503 1.493 319.799 1.559
202506 1.460 322.561 1.512
202509 1.622 324.800 1.668
202512 1.846 324.054 1.902
202603 2.241 330.213 2.266
202606 2.609 333.952 2.609

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Angler Gaming (XSAT:ANGL) Overvalued in 2026?

Based on GuruFocus' analysis, Angler Gaming stock appears to be overvalued. The current stock price of kr5.56 is trading 67.5% above its estimated GF Value™ of kr3.32. GuruFocus considers Angler Gaming to be Significantly Overvalued.

Key valuation signals for XSAT:ANGL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr3.32 vs. price of kr5.56 (67.5% above fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the XSAT:ANGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Angler Gaming Business Description

Other Exchanges 0QM:Germany
Address The Strand, ST Business Centre 120, Level 4, Gzira, MLT
Angler Gaming PLC is a holding company in Malta that invests in companies that offer gaming services over the Internet. The core business activities of the company are to own and administer shareholding in internet gambling companies which directly or through partners offer games to end-users via the Internet. The revenue of the company is generated from Casino revenue, Marketing, and SEO revenue, and Dividend received.
54GF Score

Get the complete analysis for XSAT:ANGL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr5.56
Price
kr3.32
GF Value